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Which of the following statements is false? a. Not all of real GDP is passed on to households as income b. Real per capita GDP
Which of the following statements is false?
a. Not all of real GDP is passed on to households as income
b. Real per capita GDP will always equal real GDP per worker
c. Real per capita GDP is used to compare living standards across countries because it accounts for differences in population size across countries
d. The value of volunteer services is not included in real per capita GDP
e. Real per capita GDP fails to account for how many non-renewable resources were used up in production.
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